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  • We won’t devalue Naira – CBN tells BDCs

    The Central Bank of Nigeria (CBN) has told Bureau de Change (BDC) operators it does not intend to devalue the naira and will support it at current levels, especially with a recent rise in oil prices, the...

    • Posted January 14, 2017
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  • Equities Market will recover this year – NSE Boss

    The Nigerian equities market is set experience a positive performance this year after recording three consecutive years of decline. The market ended 2016 with a decline of 6.17 per cent, which was an improvement on the 17.4...

    • Posted January 14, 2017
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  • Analysts predict slight drop in December 2016 inflation

    Analysts at FSDH Merchant Bank Limited have predicted that the December 2016 inflation rate (year-on-year) would drop marginally to 18.44 per cent from the 18.48 per cent recorded in the month of November 2016. They held the...

    • Posted January 14, 2017
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  • China plans fresh $40bn investments in Nigeria

    The Chinese Foreign Affairs Minister, Wang Yi, has disclosed plans by the Chinese government to invest up to $40b in Nigeria as part of efforts aimed at deepening relations between the two countries. The amount, which was...

    • Posted January 13, 2017
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  • FG to sell Diaspora Bonds in March after Eurobond issue

    The federal government will issue a debut diaspora bond by March to raise funds from Nigerians abroad, after completing a $1 billion eurobond sale this month, a finance ministry source told Reuters yesterday. Nigeria is in its...

    • Posted January 13, 2017
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  • America, Nigeria ties will be stronger in years ahead – NACC

    Nigerians have been assured of a better business relationship with the United State in the years ahead. It has also been stated that a lots are being put in place to allow products from sub-Saharan African countries...

    • Posted January 13, 2017
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  • Dangote Cement, GTB, Total lift stocks trading by N114bn

    The Nigerian stock market has reversed the negative trend to start the week yesterday on a positive note. Summary of trading showed the lead indicator, the All-Share Index (ASI) appreciated by 328.83 absolute points, representing a gain...

    • Posted January 11, 2017
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  • Systemspecs moves to deepen CBN’s e–Payment drive

    Systemspecs Limited, promoter of Remita platform used by the federal government for its Treasury Single Account (TSA) said they are on the same page with the Central Bank of Nigeria (CBN) to deepen electronic payments and reduce...

    • Posted January 11, 2017
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  • Access Bank promises to maintain leadership position on FMDQ OTC

    The Group Managing Director/Chief Executive Officer of Access Bank Plc, Mr. Herbert Wigwe has said the bank would maintain its number one position on  activity chart of FMDQ OTC Securities Exchange. Access Bank has remained number one...

    • Posted January 10, 2017
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  • FirstMobile App increases daily transactions limit

    First Bank of Nigeria Limited has announced increased transaction limits on its FirstMobile Lifestyle app to a maximum daily limit of N150,000.00 without the use of a token and a total daily transaction limit of N1 million.This...

    • Posted January 10, 2017
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  • Survey shows PMI Rose five-month high in December

    The  Stanbic IBTC’s Purchasing Managers’ Index (PMI) has indicated that the index attained a five month high, which was a reflection of an improvement in the macroeconomy.This emerged after the Central Bank of Nigeria (CBN) revealed that...

    • Posted January 10, 2017
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  • NTDC gets new Acting DG

    Mrs. Mariel Rae-Omoh has been appointed as the new Acting Director General of the Nigerian Tourism Development Corporation (NTDC). She takes over from the former acting DG Boniface Ebuka, who was first appointed into the position following...

    • Posted January 8, 2017
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  • Customs may lose 50% revenue to ban on vehicles importation

    Following the federal government ban on the importation of vehicles through the land borders, the Nigerian Customs Service (NCS), Seme Command, is set to lose 50 per cent of its monthly revenue valued at about N13 billion....

    • Posted January 7, 2017
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  • CBN sells N173bn treasury bills at flat rate

    The Central Bank of Nigeria (CBN) sold N172.85 billion at its first treasury bill sale of the year on Wednesday with yields unchanged from the previous auction, held on December 21, fixed income traders said on Thursday....

    • Posted January 7, 2017
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